SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

August 05, 2014 09:00 ET

Alternet Systems Appoints Fernando Cisneros to the Board of Directors

MIAMI, FL--(Marketwired - Aug 5, 2014) - Alternet Systems, Inc. (OTCQB: ALYI) ("Alternet" or the "Company"), an accelerator of high growth opportunities in Digital Currency and Mobile Commerce services, today announced the appointment of Fernando Cisneros to the Board of Directors effective August 4, 2014.

Alternet Systems, Chief Executive Officer, Henryk Dabrowski commented, "We are honored to have Fernando join our Board of Directors. His extensive network, reputation and experience in the global financial industry will be invaluable as we continue to distinguish ourselves within the digital currency industry."

Mr. Cisneros is an entrepreneur and private equity investor with deep financial expertise. He is currently a Partner at Octagon Group, a Peruvian real estate development firm, and spearheads multi-million dollar residential and commercial projects. Prior to Octagon Group, Mr. Cisneros was a Vice President in LXG Capital, a boutique Latin American investment bank, working on mergers and acquisitions, divestitures, general strategic advisory services, and capital raising. Mr. Cisneros has also served as a Partner in Flow Investments, a global macro hedge fund, where he focused on equities and options and as Vice President of Finance at Grupo Mistral, a private group of companies in the industrial, retail, and consumer product sectors in Venezuela. Lastly, he began his career as an Analyst at Lazard Frères in mergers and acquisitions. Mr. Cisneros holds a BA in Economics from Duke University and an MBA from Columbia Business School.

Effective July 31, 2014, Fabio Alvino resigned from the Board of Directors to pursue other business interests. Mr. Alvino's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Mr. Dabrowski commented, "Fabio has been a great supporter of Alternet Systems. We very much appreciate his time at the Company and thank him for his service."

About Alternet Systems Inc.:
Alternet Systems Inc. (OTCQB: ALYI), headquartered in Miami, Florida, is an enterprise accelerator company focused on the complimentary, high-growth markets of Digital Currency, Mobile and Internet Commerce and Cyber-Security products and services. Through its subsidiaries, Alternet captures and converts extraordinary growth opportunities surrounding the explosion of newly adapted Internet technologies and platforms. More information about Alternet and its subsidiaries can be found at www.alternetsystems.com and by following the company on Twitter www.twitter.com/alternetsystems.

Safe Harbor Statement:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Investor Contact:
    Capital Markets Group, LLC
    Steve Gersten
    Email: Email Contact
    Phone: (813) 926-8920

    Valter Pinto
    Email: Email Contact
    Phone: (914) 669-0222
    (212) 398-3486